Comments by "红火树 RedFireTree" (@firetree2007) on "'Sri Lanka should seek help from China,' says IMF | International News | English News | WION" video.
-
SL is in history with high debt, since 1990s, even before that, it was OK before, with tourism, and other thing for this tropical agriculture country, until the foolish president with the so dumbbb idea with no chemical agriculture, that policy totally ruined SL agriculture, so for this tropical country suppose to have 3 harvest a year should have no problem with food supply then need to spend huge money on importing foods, together with the pandemic, no tourists to come to spend money and with the oil price sky high totally crashed this country. wish them recover soon and wish China can help them, , first is to get rid of no chemical agriculture policy. and second is never listen to India
2
-
2
-
2
-
1
-
More than half of the Union’s total budget is made up of debt, and few investments are being made in profitable industries. More than Rs 17 lakh crore, or 45% of the budget size, was generated by borrowing out of the government’s overall budget of more than Rs 39 lakh crore. Additionally, the Centre is in the process of selling off some of its assets, like LIC, to raise Rs 75,000 crore.
ratio of india's public debt to gdp likely to scale a new high in fy21 | business standard news
This is a sign that the Center is approaching a damaging condition. We need to analyse the Sri Lankan crisis in this context. Over half of the budget of the Indian government is borrowed. The tax is not being properly collected. The centre is not increasing its investments in the industries that are productive. Additionally, the prices of fuel and kerosene have seen a considerable increase over the years, and if these keep on rising, India will soon face a food and fuel crisis like that of Sri Lanka.
1
-
1
-
1
-
1
-
1
-
1